GLICs should increase participation in the nation

There are seven notable GLICs in Malaysia, namely, Ministry of Finance Incorporated (MOF Inc), Permodalan Nasional Bhd (PNB), Khazanah Nasional Bhd, the Employees Provident Fund (EPF), Lembaga Tabung Angkatan Tentera (LTAT), Lembaga Tabung Haji (LTH) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP).

THE Covid-19 pandemic has put the focus on the domestic economy like never before.

Some argue that government-linked investment funds (GLICs) should take up a big role, that they should focus their resources and funds on strengthening the local economy through higher participation with the private sector. GLICs should also partner foreign investors coming into the country and even help boost small and medium enterprises (SMEs).